Saturday, August 15, 2015

The Fair Price of Sweat in Entropia Universe

Introduction


If you have just started your adventure in Entropia Universe, your mentor or the other players would probably have encouraged you to gather Vibrant Sweat from creatures to make some PED for hunting or mining.

You dutifully equip your VSE Mk 1, your trusty and extremely robust sweat extractor, and run around Port Atlantis or Boreas gathering sweat.  You get killed a lot, but the other players tell you that it's good for you, so you suck it up and take it like a man.

Finally, after what seems like an eternity, you finally managed to get 25,000 bottles of Vibrant Sweat, enough for a gun, a full set of armor and some ammo.  It's pay back time!  Gonna look up every single mob that chased you around and show them who's boss.

But, as you are trying to sell the sweat, you face another problem.  On one side, you have the other sweat sellers, telling you to never sell sweat below 2 PED/k.  On the other side, you have the buyers, bidding at 1.3 PED/k for sweat.  You tried selling for 1 hour at Twin Peaks at the recommended price of 2 PED/k, but didn't even get a nibble.

You are thinking of selling to the buyers at 1.3 PED/k, but don't know if you are getting cheated at that price.

So, before you sell, you decided to find out the fair value of sweat, and that's why you are here.


The tables below might take a little getting
used to.  I have created another simpler sweat tool that
you might find easier to use.


How the Fair Price of Sweat Can be Determined


Vibrant sweat cannot be traded at the auction, so there is no chart or record of the present price of sweat traded.  There is also no way to know the price or quantity of sweat that changes hands between players in face-to-face trades.

However, sweat is a component in the manufacture of Mind Essence or ME, and ME is traded on the auction and its price is available.

So, one way of determining the fair price of sweat is to work backwards from the price of ME.  The weekly sales of ME at the auction stands at 6,500 PED, a relatively large quantity, so the price of ME should be a good guideline for the fair value of sweat.

Determining the Fair Price of Sweat Based on the Current Price of Mind Essence, Force Nexus and the Decay of the Refiner Used


The following section will detail how I arrive at a fair value of sweat based on the price of ME, the price of Force Nexus and the decay of the refiner used.  If you like, you can skip to the end for charts that you can use to determine the fair value of sweat.

To manufacture 1001 X ME, 10 X Force Nexus is combined with 10 X Vibrant Sweat in a refiner.

The TT values of Mind Essence and Force Nexus are as follows:
  • 1 X Force Nexus = 0.01 PED
  • 100 X Mind Essence = 0.01 PED
There are many refiners in the market, with differing decay values.  The decay does contribute to the cost of manufacture of ME, and thus does affect the calculation of the fair price of sweat.  In the following example, let's use the basic Genesis Star Basic Refiner, with 0.031 PEC per unit decay.  For the refining of ME, 100 X ME refined is equivalent to 1 unit decay or 0.031 PEC decay in the Genesis Star Basic Refiner.

In our example, let's assume the following MU values:
  • Force Nexus = 101.50%
  • Mind Essence = 124.88%

And let's use 2000 X Force Nexus and 2000 X Vibrant Sweat to make 200200 X Mind Essence.

The refined Mind Essence is worth: 20.02 PED X 1.2488 = 25.00 PED

Subtracting the cost of the Force Nexus and the decay cost will give us the value of 2000 sweat:

Price of Vibrant Sweat = Worth of ME - Worth of Force Nexus - Decay
                    = 25.00 - 20 PED X 1.015 - (200200/100)*0.00031
                    = 25.00 - 20.3 - 0.62
                    = 4.08 PED/2k
                    = 2.04 PED/k

Not a bad value for sweat.  But if a buyer of sweat were to make ME and sell it at the auction, the auction fee, which comes to 0.74 PED, would have to be taken into account:

Price of Vibrant Sweat = Worth of ME - Worth of Force Nexus - Decay - Auction Fee
                    = 25.00 - 20.3 - 0.62 - 0.74
                    = 3.34 PED/2k
                    = 1.67 PED/k

There is still the small matter of a profit for the sweat buyer, but let's not consider it here.

So, given the above prices, for a buyer of sweat to just breakeven, he'd have to buy sweat at no more than 1.67 PED/k.

Note that the buyer can squeeze a little more profit by using a better refiner and by selling bigger stacks at the auction.


Sweat Tables (Price of ME and Nexus to Fair Price of Sweat)


The following are held constant for the tables below:
  • ME Quantity Sold at Auction: 200200
  • Auction Commission: 0.74 PED (at 124.88% MU for ME)
You can use the tables below to determine your breakeven sweat price if you are buying sweat, making ME and selling at the auction.  You can also use it to determine how much profit your seller actually has at the price that he buys from you.  Main assumption here is that the sweat will be sold at the auction.


Price of Sweat in PED/k

  • Refiner used: Chikara Refiner Adjusted - 0.015 PEC decay
  • Buyer Profit per 1k of sweat: 0 PED

Nexus(%)/ME(%)
120
121
122
123
124
125
126
127
128
129
130
100
1.49
1.59
1.69
1.79
1.89
1.99
2.09
2.19
2.29
2.39
2.49
100.5
1.44
1.54
1.64
1.74
1.84
1.94
2.04
2.14
2.24
2.34
2.44
101
1.39
1.49
1.59
1.69
1.79
1.89
1.99
2.09
2.19
2.29
2.39
101.5
1.34
1.44
1.54
1.64
1.74
1.84
1.94
2.04
2.14
2.24
2.34
102
1.29
1.39
1.49
1.59
1.69
1.79
1.89
1.99
2.09
2.19
2.29
102.5
1.24
1.34
1.44
1.54
1.64
1.74
1.84
1.94
2.04
2.14
2.24
103
1.19
1.29
1.39
1.49
1.59
1.69
1.79
1.89
1.99
2.09
2.19
103.5
1.14
1.24
1.34
1.44
1.54
1.64
1.74
1.84
1.94
2.04
2.14
104
1.09
1.19
1.29
1.39
1.49
1.59
1.69
1.79
1.89
1.99
2.09
104.5
1.04
1.14
1.24
1.34
1.44
1.54
1.64
1.74
1.84
1.94
2.04
105
0.99
1.09
1.19
1.29
1.39
1.49
1.59
1.69
1.79
1.89
1.99



Price of Sweat in PED/k

  • Refiner used: Transformer T-105 - 0.021 PEC decay
  • Buyer Profit per 1k of sweat: 0 PED

Nexus(%)/ME(%)
120
121
122
123
124
125
126
127
128
129
130
100
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
2.23
2.33
2.43
100.5
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
2.18
2.28
2.38
101
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
2.23
2.33
101.5
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
2.18
2.28
102
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
2.23
102.5
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
2.18
103
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
103.5
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
104
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
104.5
0.98
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
105
0.93
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93



Price of Sweat in PED/k

  • Refiner used: Genesis Star Basic Refiner - 0.031 PEC decay
  • Buyer Profit per 1k of sweat: 0 PED

Nexus(%)/ME(%)
120
121
122
123
124
125
126
127
128
129
130
100
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
2.23
2.33
100.5
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
2.18
2.28
101
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
2.23
101.5
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
2.18
102
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
102.5
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
103
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
103.5
0.98
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
104
0.93
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
104.5
0.88
0.98
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
105
0.83
0.93
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83



Price of Sweat in PED/k

  • Refiner used: Chikara Refiner Adjusted - 0.015 PEC decay
  • Buyer Profit per 1k of sweat: 0.1 PED

Nexus(%)/ME(%)
120
121
122
123
124
125
126
127
128
129
130
100
1.39
1.49
1.59
1.69
1.79
1.89
1.99
2.09
2.19
2.29
2.39
100.5
1.34
1.44
1.54
1.64
1.74
1.84
1.94
2.04
2.14
2.24
2.34
101
1.29
1.39
1.49
1.59
1.69
1.79
1.89
1.99
2.09
2.19
2.29
101.5
1.24
1.34
1.44
1.54
1.64
1.74
1.84
1.94
2.04
2.14
2.24
102
1.19
1.29
1.39
1.49
1.59
1.69
1.79
1.89
1.99
2.09
2.19
102.5
1.14
1.24
1.34
1.44
1.54
1.64
1.74
1.84
1.94
2.04
2.14
103
1.09
1.19
1.29
1.39
1.49
1.59
1.69
1.79
1.89
1.99
2.09
103.5
1.04
1.14
1.24
1.34
1.44
1.54
1.64
1.74
1.84
1.94
2.04
104
0.99
1.09
1.19
1.29
1.39
1.49
1.59
1.69
1.79
1.89
1.99
104.5
0.94
1.04
1.14
1.24
1.34
1.44
1.54
1.64
1.74
1.84
1.94
105
0.89
0.99
1.09
1.19
1.29
1.39
1.49
1.59
1.69
1.79
1.89



Price of Sweat in PED/k

  • Refiner used: Transformer T-105 - 0.021 PEC decay
  • Buyer Profit per 1k of sweat: 0.1 PED

Nexus(%)/ME(%)
120
121
122
123
124
125
126
127
128
129
130
100
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
2.23
2.33
100.5
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
2.18
2.28
101
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
2.23
101.5
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
2.18
102
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
102.5
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
103
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
103.5
0.98
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
104
0.93
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
104.5
0.88
0.98
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
105
0.83
0.93
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83



Price of Sweat in PED/k

  • Refiner used: Genesis Star Basic Refiner - 0.031 PEC decay
  • Buyer Profit per 1k of sweat: 0.1 PED

Nexus(%)/ME(%)
120
121
122
123
124
125
126
127
128
129
130
100
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
2.23
100.5
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
2.18
101
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
2.13
101.5
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
2.08
102
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
2.03
102.5
0.98
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
1.98
103
0.93
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
1.93
103.5
0.88
0.98
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
1.88
104
0.83
0.93
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73
1.83
104.5
0.78
0.88
0.98
1.08
1.18
1.28
1.38
1.48
1.58
1.68
1.78
105
0.73
0.83
0.93
1.03
1.13
1.23
1.33
1.43
1.53
1.63
1.73


Conclusion


If you are selling sweat, I would suggest using the last chart as a guide as to the price at which you can easily sell your sweat.  This chart assumes your buyer has a standard refiner (the higher end refiners have MUs exceeding 100 PED), and assures your buyer of a small profit.

Of course, there are always buyers willing to buy at a higher price.  If you are trying to sell at a higher price:

  • Don't Expect a Quick Sale.  The higher your price, the rarer the buyers will be.  And the longer you are going to have to wait for them.  And they might just want a few k of sweat.
  • Be Prepared.  Always have a few k with you and not in the storage.  Keep your eyes peeled for any buyer on local chat advertising to buy.  If it is the price that you want, or if they don't advertise a price, just right-click on the avatar or avatar's name and select "Avatar - Private Trade"  The idea is to be the first to trade the avatar but I would suggest to have at least 1k with you before doing that.
  • Don't Sell Ice to the Eskimos.  And don't sell sweat at the sweating areas.  At least, I think it's useless to try to do that at higher prices.  Twin Peaks would be a much better place.

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 Related posts:

 How to Sell Your Sweat at 2 PED/k - With a little strategy and patience, you might be able to get a good price for your sweat.

Is the Fair Price of Sweat Really 2 PED/k? - If you want to be fairly compensated for your time and effort in gathering sweat, what should the price of sweat be?

 Sweat Tool - Sell Your Sweat at the Best price - This tool will tell you the most profitable way to sell your sweat.
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